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DanielleFong's profile
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@DanielleFong

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@DanielleFong

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Empire of the Future
Joined February 2008

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    1.  🤷🏻‍♀️‏ @DanielleFong 3 Jun 2020

      intergenerational wealthpic.twitter.com/vCfN9KssHh

      8 replies 16 retweets 48 likes
      Show this thread
    2. MP‏ @MattPead 19 Oct 2020
      Replying to @DanielleFong

      Yes older people have had more time to accumulate their wealth.

      1 reply 0 retweets 0 likes
    3.  🤷🏻‍♀️‏ @DanielleFong 19 Oct 2020
      Replying to @MattPead

      the chart shows that that's not the only factor, for the same age cohorteach new generation is further behind. this is a consequence of inflating housing and education prices, and years, with a lack of wage increases in most sectors

      1 reply 0 retweets 1 like
    4. MP‏ @MattPead 19 Oct 2020
      Replying to @DanielleFong

      But won't the next generation inherit the money made from inflating house prices and investments, etc. So I don't see the problem. Or am I missing something? 🤔

      3 replies 0 retweets 0 likes
    5. MP‏ @MattPead 19 Oct 2020
      Replying to @MattPead @DanielleFong

      Though it's also true that most wealthy families lose their fortunes in three generations... So I'm not sure I agree that it's all inherited wealth rather than earned wealth...

      1 reply 0 retweets 1 like
       🤷🏻‍♀️‏ @DanielleFong 19 Oct 2020
      Replying to @MattPead

      there's stil a significant long term effect, i've seen some recent studies, but in this case it's not really like we have yet seen a generational hand off a power and wealth, it's pretty singular

      3:15 PM - 19 Oct 2020
      • 1 Like
      • MP
      1 reply 0 retweets 1 like
        1. MP‏ @MattPead 19 Oct 2020
          Replying to @DanielleFong

          Hmm interesting. I find it hard to believe that the world is getting less fair as time goes on (with the exception of the last few years with Trump of course)Unfortunately you can't trust in the general public 😂 Winners want to keep it the same and losers want to change the game

          0 replies 0 retweets 1 like
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